This is Roaring Kitty - one of the best retailers ever. He turned $53k into $48m in $GME. He was offline for three years and is back today. Here is his full story: The Key to 10,000x Trades This Cycle
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Quick Overview:
• Keith Gill or @TheRoaringKitty shared the undervalued GameStop stock on his X page
• He bought it in 2019 for $53k
• His earnings peaked at $48m during the GameStop surge
• Gill hasn't posted anything in three years, but today he's back:
Born in Brockton in 1986, Keith Gill was a college track star. After earning All-American honors in college, he began dabbling in stock analysis. In 2019, he transformed into an investment icon and CT gigachad with his bet on $GME, and founded memeszn in 2021. How he did it:
Disclaimer:
I may make my profile private soon, so be sure to follow me and bookmark the first tweet so you don't lose it later
In 2014, he launched his Twitter account with the bio "Finding stocks and taking investment opportunities".
In 2015, he also joined YouTube and regularly live streamed to showcase his trades and market research.
He also joined Reddit in 2019 under the username DFV (DeepFuckingValue)
He used all of these social media platforms to promote his $53,000 purchase of @GameStop / $GME in 2019.
He pushed hard, spamming Reddit, YouTube, and Twitter.
Other community members also supported his argument, causing the stock price to rise sharply.
In 2021, $GME peaked at $483.
In February 2021, Gill testified to Congress, claiming that GameStop was "significantly undervalued."
Although a class-action lawsuit accused him of causing "huge losses" to small investors and violating securities laws, the lawsuit was dismissed.
Ultimately, Gill made about $48 million, becoming a super investor, profiting his followers, and challenging traditional venture capital firms.
His story highlights the influence of the media in the market.
Law professor Joshua Mitts highlights the unique drivers of the rise of meme stocks like this:
The rise of meme stocks is driven by a number of unique factors:
• A large number of new retail traders entered the market
• Ample liquidity from pandemic stimulus measures and historically low interest rates
• Gill is reportedly profitable and stable
This is especially true in the crypto space. Here are some lessons we can learn from this story:
1/ ➮ Powerful influencers now have the power to sway the market. Look at Anselm - he embodies $SOL and $WIF, and his contribution to their pump is invaluable.
Following multiple influencers often leads to losses, but choosing the right influencer is the easiest way to profit.
If the infl and their thesis are strong, the crowd will follow him, forming a community and leading to a pump.
The key is to act early.
This is why meme coins are becoming so popular now.
In this space, all players are on equal footing and venture capitalists won’t sell you off at less than 1000x valuation after the private round unlocks.
Maybe this memeszn will go on forever.
Let’s see.
